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Attendees ======== Martin Sexton, London Market Systems Chuck Kael HSBC Chris Funck, Chatham Financial Lucio Iida, BGI Sreedhar Segu, DTCC Bruno Beccaria, Citadel Irina Yermakova, ISDA Dinesh Shastri, Bloomberg Marc Gratacos, ISDA Saif Ahmed Brian Lynn, GEM Jai, GS Steve Adler Regrets ====== Stephen White, State Street Matt Simpson, CME Actions ====== Brian indicated that he continues to work on the examples. Marc promised to circulate a model for representing
positions and related activities. Clearing Fields (CME Proposal) ======================== We discussed Matt’s updated proposal. We agreed to all of the proposed fields. Brian will propose a structure to hold settlement information
on reports, including the proposed fields. Brian will propose adding an optional “cleared date”
element to the trade header at the next Coordination Committee meeting. Entity modeling ============ We discussed the entity modeling paper. Chris Funck sees this as being a good fit and
hopefully can bring knowledge to bear. He will look internally to see if
some resources can be brought into this. For 1057 reporting, they need to do credit value adjustment
for counterparty risk. This suggests that perhaps we should provide
additional fields to report credit value adjustments, and adjusted valuations. - Chris will follow up on what is passed on to counterparties Martin Sexton – Simon Latham Porter used to work on
the ISO WG on business entity identifier… will follow up with him to see
if he is interested in participating. Also has another potential contact
that might be interested in this, currently using MDDL. Marc G. – will look into FIX’s support for entity
relationships. In general, the level of interest in this topic from the
group was only moderate; Brian will leave this open until next week to
see if there is additional interest from non-attendees. Product Direction Classification ======================== We discussed this issue briefly, and concluded that at this
time there is not sufficient interest in adding any kind of direction indicator
to proceed. Next meeting =========== Nov. 9 – follow up on entity modeling, review proposed
implementation of CME fields |